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This page contains aggregated information about each property, and is not intended to serve as an appraisal. Projections for accumulated wealth, cash flow and equity are based on predictive models used to analyze big data on more than 110 million homes. Learn more about INVESTimate

1705 Crestridge Dr Garland, TX 75042

3 Beds 1 Baths 1,104 sqft Built 1953
Last updated:  Oct 23, 2019

INVESTimate

$182,998

$164K - $202K

Price Est.

$1,111

$1.0K - $1.2K

Rent Est.

$206,550  ( +12.87%)   1 YR EST. FORECAST
  
  
  

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1705 Crestridge Dr PROPERTY INFO

FACTS
  • Built In 1953
  • Price/Sqft : $165.76
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,104 sqft
  • Baths : 1 Full

1705 Crestridge Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
HILLSIDE ACADEMY FOR EXCEL Primary Magnet 446 29 10
CLASSICAL CENTER AT BRANDENBURG MIDDLE SCHOOL Middle Magnet 1,153 62 8
SACHSE HIGH SCHOOL High Regular 2,609 152 7

HILLSIDE ACADEMY FOR EXCEL

  • Education Level: Primary
  • # of students: 446
  • # of teachers: 29
10
GreatSchools Rating

CLASSICAL CENTER AT BRANDENBURG MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 1,153
  • # of teachers: 62
8
GreatSchools Rating

SACHSE HIGH SCHOOL

  • Education Level: High
  • # of students: 2,609
  • # of teachers: 152
7
GreatSchools Rating
 

Financial Details

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Neighborhood

Crest Ridge Estates

  • 791

    POPULATION
  • 289

    HOUSEHOLDS
  • 51.0%

    WHITE COLLAR

Neighborhood : Crest Ridge Estates

HOUSEHOLDS
289
POPULATION

791

28.4%Renters
71.6%Home Owners
LABOR FORCE

 

51.0%White Collar
49.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 78% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,111 per month.

MY RENT : $1,111 MEDIAN RENT : $1,210

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 98.1%
>=$1,500 1.9%
Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $1,111 would therefore be considered affordable for annual household incomes greater than $44,440 (12 months x 3.333 x $1,111).

Rent % Affordability
Above $500 80.7%
Above $700 70.9%
Above $1,100 47.4%
Above $1,500 31.0%
Above $1,900 19.0%
HOUSEHOLD INCOME RANGE

Approximately 110 of households in this neighborhood have a total annual income of $44,440 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,111 per month.

MINIMUM INCOME RANGE : $44,440

Income % Distribution
<$20K 19.3%
$20K-$35K 22.8%
$35K-$60K 26.9%
$60K-$100K 20.0%
>=$100K 11.0%
COMMUTE TIME DISTRIBUTION

50% of the working population has a commute time of 15 to 44 minutes, 31% has a commute time of 14 minutes or less and 19% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 15.9%
10-14 mins 15.0%
15-19 mins 12.3%
20-29 mins 15.9%
30-44 mins 21.6%
45-59 mins 11.7%
>60 mins 7.5%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 78% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,111 per month.

MY RENT : $1,111 MEDIAN RENT : $1,210

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 98.1%
>=$1,500 1.9%
Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $1,111 would therefore be considered affordable for annual household incomes greater than $44,440 (12 months x 3.333 x $1,111).

Rent % Affordability
Above $500 80.7%
Above $700 70.9%
Above $1,100 47.4%
Above $1,500 31.0%
Above $1,900 19.0%
HOUSEHOLD INCOME RANGE

Approximately 110 of households in this neighborhood have a total annual income of $44,440 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,111 per month.

MINIMUM INCOME RANGE : $44,440

Income % Distribution
<$20K 19.3%
$20K-$35K 22.8%
$35K-$60K 26.9%
$60K-$100K 20.0%
>=$100K 11.0%
COMMUTE TIME DISTRIBUTION

50% of the working population has a commute time of 15 to 44 minutes, 31% has a commute time of 14 minutes or less and 19% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 15.9%
10-14 mins 15.0%
15-19 mins 12.3%
20-29 mins 15.9%
30-44 mins 21.6%
45-59 mins 11.7%
>60 mins 7.5%

Crest Ridge Estates Demographics

INDUSTRY

Industry % Distribution
Administrative Support 5.6%
Construction 8.2%
Educational Services 10.0%
Health Care & Social Assistance 7.9%
Manufacturing 18.8%
Retail & Wholesale Trader 22.6%
Other 27.0%
AGE DISTRIBUTION

46% of the population is between the ages of 25 and 64, 36% is 24 or younger and 18% is 65 or older.

Age % Distribution
<15 20.4%
15-19 8.5%
20-24 7.5%
25-44 24.1%
45-65 21.7%
66+ 17.8%
OCCUPATION

Occupation % Distribution
Construction 5.8%
Healthcare 6.7%
Management, Business, & Financial 6.7%
Natural Resources Maintenance 8.0%
Production & Transportation 31.2%
Sales & Office 33.9%
Other 7.6%
HIGHEST EDUCATION LEVEL

8% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 5.7%
Doctorate 1.0%
High School 32.7%
Some College 20.1%
Some High School 28.0%
Other 12.6%

1705 Crestridge Dr Comps

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1705 Crestridge Dr, Garland, TX 75042 is a single family home of 1,104 sqft. HomeUnion INVESTimateĀ® for 1705 Crestridge Dr includes a Price Estimate of $182,998 and a Rent Estimate of $1,111. This single family home has 3 bedrooms,1 bathrooms, and was built in 1953. This property has an estimated 15 year annualized Yield of 7.29% and Total Return of 34.63%. The estimated 1 year forecast in home value for 1705 Crestridge Dr is 12.87%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in TX , DALLAS County , or the 75042 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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